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Workers Willing to Give Up Raises in Exchange for Secure Retirement Income
As corporations continue to freeze or eliminate defined benefit plans, American workers may be getting increasingly concerned about their financial security in retirement and looking for guaranteed income options. Two-thirds of Americans say they would be willing to give up…
Social Security Watchdog: I See Dead People
The Social Security Administration is either under the impression that the zombie apocalypse is finally happening or it’s just totally oblivious to the fact that it has 112-year-olds living in its database. A new Inspector General report reveals that the SSA’s electronic…
Will Baby Boomers Ever Truly Retire?
Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew Charitable Trusts highlights how perceptions of retirement have changed for this generation. A majority of boomers expect to work in…
The Average American Retires at This Age. Will You?
Retirement is an important milestone in everyone’s life, and most people plan for years in anticipation of the day on which they leave their jobs for the last time. With many policymakers looking with concern at the need for retirees…
Retirement Plans Would be Required Under New NJ Bill
New Jersey employers with at least 25 workers would be required to offer retirement savings plans under a bill introduced in the Assembly last week. The bill, introduced by Speaker Vincent Prieto, D-Secaucus, and Assemblymen Tim Eustace and Joseph Lagana, both…
Do the research before deciding when to collect social security
A few weeks ago, my good friend Sue called me to get my opinion on if she should start collecting her Social Security. She recently celebrated her 66th birthday, which made her eligible to collect her full benefit. Sue is still…
Week ahead: Lawmakers take aim at tax scams
Tax identity theft is on the rise. And with the tax filing deadline a month away, the Senate Finance Committee is holding a full committee hearing Thursday to discuss how to protect taxpayers from schemes and scams. The Federal Trade Commission said…
Social Security Doesn’t Come To All Who Paid
Israel Morales, 44, is one of the thousands of migrant farmworkers hired to harvest New Mexico’s famous chiles. For the past five years, Morales, who asked that his real name not be used, has earned between $4,000 and $7,000 a…
5 major employee perks that help you save money
They say that a penny saved is a penny earned. Unfortunately, a penny earned isn’t always saved. With the high cost of living expenses, bills, school tuition, family care, car maintenance, general inflation, a still-struggling economy and worst of all,…
Caregiver’s lonely journey leads to ‘moving on’
Frank Burkett can sleep through the night now without being awakened repeatedly by a woman who no longer rested well or for long. He can go out to eat without handing the server a card explaining that he’s with someone who…